📉 MASK dropped by -44%: what happened and what’s next?
On June 6, the Mask Network token ($MASK) rapidly lost over 44% following the news of the delisting of the MASK/USDT-M futures pair from Binance. This triggered massive position closures and a market collapse.
🔎 What is MASK?
It is a Web3 platform that allows users to interact with the blockchain directly in social networks. However, recently the project has lost activity, which, combined with the delisting, intensified the pressure on the price.
📉 Technical picture:
MASK broke through the support at $2.20 and fell to $1.80. Trading volume sharply increased, signaling panic. There is currently a weak rebound, but the situation remains unstable.
🧠 What to do?
Investors should act cautiously. Without news from the team or partnerships, the price may continue to decline. Traders should wait for confirmation of a local bottom — only then can one think about going long. In case of a drop below $1.60 — a short may be possible.